The Briefing

Iran — Iran has planned to invest 16 billion euros in the area of ICT, Minister of Communications and Information Technology Mahmoud Vaezi has announced. The investment will be made by the state and private sectors in the country in the next five years.

Morocco — Following the introduction of a new investment charter last month, the Moroccan government has signed €691.6 million worth of agreements. A combined 30 contracts with companies from the UK, Canada, Brazil, China, India and Russia were inked the day after the new charter was announced.

Philippines — Investment pledges approved by the Board of Investments nearly doubled in the first seven months of the year. The BOI said investments approved from January to July soared 98 percent to P210.37 billion from the P106.08 billion recorded in the same period last year.